Exercise E The following data relate to Work in Process—Department C, in which all materials are added at the start of processing:
Work in process – Department C: Inventory, March 1:
Materials cost (1,200 pounds; 100% complete) $7,020
Conversion cost (20% complete) 1,804
Costs incurred this period:
Direct materials used (9,000 pounds) $36,330
Direct labor 10,880
Overhead 17,820
Inventory, March 31
Materials cost (1,800 pounds, 100% complete) ?
Conversion cost (1,800 pounds, 80% complete) ?
Pounds of product transferred out: 8,400